BD Offers To Invest $2 Billion For Nepal Hydropower

EB Desk

Bangladesh Ambassador in Nepal Mashfee Binte Shams has announced the government’s plan to buy hydroelectric power at a roundtable in Kathmandu.

She has said Bangladesh is ready to invest $2 billion for hydropower projects.

She also shared Bangladesh’s renewable energy experiences at the roundtable recently.

The Asian Institute of Diplomacy & International Affairs (AIDIA) and Alternative Energy Promotion Centre (AEPC) jointly organised it, the organisers said in a statement.

Minister for Population and Environment Jay Dev Joshi was the chief guest at the event titled “Opportunities and Challenges on Alternative Energy Investment in Nepal”.

Experts at the discussion made “comprehensive rational analysis” about the opportunities and challenges on alternative energy investment in Nepal.

Issues like renewable energy promotional and investment policy, role of academicians on solving alternative energy investment’s barriers in Nepal were also discussed.

AEPC Director Ram Prasad Dhital spoke about the role and strategy to increase the share of alternative energy resources on total energy demand of the country.

Nepal is aiming to have 10 percent alternative energy share by 2030.

Former minister for environment, science and technology Ganesh Shah highlighted the significance of research and development and suggested at least 1 percent of total energy budget should be invested on research and development.

Indian embassy’s First Secretary NRam Prasad also shared New Delhi’s experiences.